Trusts?
We share our time between TV and Pennsylvania and maintain PA as our residency. Our PA attorney is retired from the Air Force having been stationed in FL. He is licensed to practice law in both states. His advice on a trust......probate is expensive in FL but not in PA; trusts are expensive in PA but not in FL. As long as we remain PA residents a trust is not necessary. Should we change to FL residency he would recommend a trust. So....you may want to discuss the costs of each, probate/trust in Michigan until/if you become a FL resident.
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